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ENN Is Said to Mull Dropping $12 Billion Buyout of Energy Unit

ENN Is Said to Mull Dropping $12 Billion Buyout of Energy Unit
Bloomberg Markets Friday 12 June 2026, 07:48 UTC By Dong Cao, Manuel Baigorri 1 min read
Key Points

ENN Is Said to Mull Dropping $12 Billion Buyout of Energy Unit ENN Energy Holdings Ltd.’s biggest shareholder is considering abandoning a nearly $12 billion buyout offer for the Hong Kong-listed company, according to people familiar with the matter. The shareholder, ENN Natural Gas Co., may decide not to extend a deadline to meet pre-conditions for a take-private transaction, the people said, asking not to be identified because the deliberations are private.

ENN Is Said to Mull Dropping $12 Billion Buyout of Energy Unit ENN Energy Holdings Ltd.’s biggest shareholder is considering abandoning a nearly $12 billion buyout offer for the Hong Kong-listed company, according to people familiar with the matter. The shareholder, ENN Natural Gas Co., may decide not to extend a deadline to meet pre-conditions for a take-private transaction, the people said, asking not to be identified because the deliberations are private.
ENN (ORG) Mull (ORG) Energy Unit (ORG) ENN Energy Holdings Ltd.’s (ORG) Hong Kong (LOCATION) ENN Natural Gas Co. (ORG)
Originally published by Bloomberg Markets Read original →

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